13F 申報指南13F 觀念全攻略
什麼是 SEC Form 13F 申報？美股機構大戶持股全攻略
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
AlphaSMO 權威研究指南閱讀專題
CIK: 0001761755
申報總市值
US$5.4億
US$5.4億
244 檔
17.8%
Townsquare Capital LLC 在 Q4 2025 季度的美股部位總計估值為 US$5.4億，分散於 244 個持倉標的之中，反映其市場參與廣度與投資規模。
數據顯示 Townsquare Capital LLC 於 Q4 2025 季度持續回收資金，對 101 個既有部位進行裁減並清倉 86 個標的，組合整體流動性比重有所上升。
從部位權重觀察，前 5 大標的（包含 AAPL, LCLG, NVDA）累計市值佔比達 17.8%，是驅動 Townsquare Capital LLC 該季度整體投資組合績效表現的核心支柱。
僅顯示前 200 大持股（共 244 檔）
| # | 代號 | 標的名稱 | 資產子類別 | 佔比 | 佔比變動 | 持倉量變化 | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc | 股票-科技 | 5.73% | -0.18% | -10.15% | |
| 2 | LCLG | Logan Capital Broad Innovati | ETF-其他 | 4.58% | +0.41% | -2.91% | |
| 3 | NVDA | Nvidia CORP | 股票-科技 | 4.05% | +0.02% | -2.18% | |
| 4 | IWF | Ishares Russell 1000 Growth | ETF-其他 | 3.97% | -0.37% | +101.58% | |
| 5 | AMZN | Amazon.com Inc | 股票-循環性消費 | 3.42% | +0.08% | -10.09% | |
| 6 | MSFT | Microsoft CORP | 股票-科技 | 3.29% | -0.46% | -31.18% | |
| 7 | AVGO | Broadcom Inc | 股票-科技 | 3.24% | +0.25% | -1.98% | |
| 8 | GOOGL | Alphabet Inc-cl A | 股票-通訊服務 | 2.51% | +0.30% | -6.66% | |
| 9 | JNJ | Johnson & Johnson | 股票-醫療保健 | 2.05% | -0.26% | -6.12% | |
| 10 | META | Meta Platforms Inc-class A | 股票-通訊服務 | 1.91% | -0.26% | -51.72% | |
| 11 | CSCO | Cisco Systems Inc | 股票-科技 | 1.71% | +0.15% | -13.67% | |
| 12 | MA | Mastercard Inc - A | 股票-金融 | 1.57% | -0.19% | -40.55% | |
| 13 | ABBV | Abbvie Inc | 股票-醫療保健 | 1.56% | -0.04% | -16.05% | |
| 14 | SHEL | Shell Plc-adr | 股票-能源 | 1.55% | -0.58% | +0.86% | |
| 15 | CVX | Chevron CORP | 股票-能源 | 1.47% | -0.66% | -22.32% | |
| 16 | JPM | Jpmorgan Chase & Co | 股票-金融 | 1.46% | -0.08% | -18.00% | |
| 17 | WFC | Wells Fargo & Co | 股票-金融 | 1.30% | -0.15% | -24.03% | |
| 18 | LLY | Eli Lilly & Co | 股票-醫療保健 | 1.27% | +0.09% | -10.94% | |
| 19 | GOOG | Alphabet Inc-cl C | 股票-通訊服務 | 1.26% | +0.11% | -28.07% | |
| 20 | PM | Philip Morris International | 股票-非循環性消費 | 1.26% | -0.11% | -21.85% | |
| 21 | VZ | Verizon Communications Inc | 股票-通訊服務 | 1.22% | -0.49% | -7.63% | |
| 22 | NFLX | Netflix Inc | 股票-通訊服務 | 1.22% | -0.56% | +791.98% | |
| 23 | SPYG | Ss Spdr P S&p 500 Growth ETF | ETF-大型股與成長 | 1.21% | -0.01% | -73.07% | |
| 24 | PEP | Pepsico Inc | 股票-非循環性消費 | 1.20% | -0.36% | -7.89% | |
| 25 | USB | US Bancorp | 股票-金融 | 1.16% | -0.05% | -0.32% | |
| 26 | APP | Applovin Corp-class A | 股票-科技 | 1.08% | +0.07% | -11.97% | |
| 27 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-大型股與成長 | 1.02% | — | -63.06% | |
| 28 | IWD | Ishares Russell 1000 Value E | ETF-其他 | 0.99% | -0.02% | +122.66% | |
| 29 | TSLA | Tesla Inc | 股票-循環性消費 | 0.96% | +0.08% | +11.12% | |
| 30 | T | At&t Inc | 股票-通訊服務 | 0.95% | -0.48% | -15.19% | |
| 31 | FLEX | Flex Ltd. | 股票-科技 | 0.81% | +0.47% | -8.17% | |
| 32 | SHW | Sherwin-williams Co/the | 股票-原物料 | 0.78% | -0.11% | -21.18% | |
| 33 | UPS | United Parcel Service-cl B | 股票-工業 | 0.74% | -0.08% | -35.41% | |
| 34 | PFE | Pfizer Inc | 股票-醫療保健 | 0.74% | -0.39% | -35.25% | |
| 35 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-政府公債 | 0.68% | -0.11% | -9.36% | |
| 36 | MU | Micron Technology Inc | 股票-科技 | 0.66% | +0.91% | +229.03% | |
| 37 | KO | Coca-cola Co/the | 股票-非循環性消費 | 0.63% | -0.05% | -18.95% | |
| 38 | HD | Home Depot Inc | 股票-循環性消費 | 0.61% | — | -28.87% | |
| 39 | COST | Costco Wholesale CORP | 股票-非循環性消費 | 0.61% | -0.18% | -8.17% | |
| 40 | V | Visa Inc-class A Shares | 股票-金融 | 0.56% | — | -61.81% | |
| 41 | RTX | Rtx CORP | 股票-工業 | 0.56% | -0.09% | -27.22% | |
| 42 | SPGI | S&p Global Inc | 股票-金融 | 0.55% | -0.11% | -36.72% | |
| 43 | NOW | Servicenow Inc | 股票-科技 | 0.54% | -0.22% | +277.95% | |
| 44 | BRK-B | Berkshire Hathaway Inc-cl B | 股票-其他 | 0.53% | -0.04% | -42.48% | |
| 45 | SPYV | Ss Spdr P S&p 500 Value ETF | ETF-大型股與成長 | 0.48% | -0.06% | -79.48% | |
| 46 | MAR | Marriott International -cl A | 股票-循環性消費 | 0.48% | -0.04% | -8.18% | |
| 47 | MDLZ | Mondelez International Inc-a | 股票-非循環性消費 | 0.47% | -0.16% | -45.72% | |
| 48 | IBM | Intl Business Machines CORP | 股票-科技 | 0.47% | -0.01% | -49.93% | |
| 49 | PG | Procter & Gamble Co/the | 股票-非循環性消費 | 0.47% | -0.04% | -44.77% | |
| 50 | VYM | Vanguard High Dvd Yield ETF | ETF-其他 | 0.42% | -0.06% | -58.92% |
| # | 代號 | 標的名稱 | 佔比變動 | 持倉量變化 | 異動類型 |
|---|---|---|---|---|---|
| 1 | IWF | Ishares Russell 1000 Growth | +2.7% | +101.58% | 加碼 |
| 2 | AAPL | Apple Inc | +1.7% | -10.15% | 減碼 |
| 3 | LCLG | Logan Capital Broad Innovati | +1.4% | -2.91% | 減碼 |
| 4 | NVDA | Nvidia CORP | +1.3% | -2.18% | 減碼 |
| 5 | AVGO | Broadcom Inc | +1.1% | -1.98% | 減碼 |
| 6 | GOOGL | Alphabet Inc-cl A | +1.1% | -6.66% | 減碼 |
| 7 | AMZN | Amazon.com Inc | +1% | -10.09% | 減碼 |
| 8 | JNJ | Johnson & Johnson | +0.7% | -6.12% | 減碼 |
| 9 | IWD | Ishares Russell 1000 Value E | +0.7% | +122.66% | 加碼 |
| 10 | MU | Micron Technology Inc | +0.6% | +229.03% | 加碼 |
| 11 | LLY | Eli Lilly & Co | +0.6% | -10.94% | 減碼 |
| 12 | USB | US Bancorp | +0.5% | -0.32% | 減碼 |
| 13 | TSLA | Tesla Inc | +0.4% | +11.12% | 加碼 |
| 14 | GOOG | Alphabet Inc-cl C | +0.3% | -28.07% | 減碼 |
| 15 | PEP | Pepsico Inc | +0.3% | -7.89% | 減碼 |
| 16 | ABBV | Abbvie Inc | +0.3% | -16.05% | 減碼 |
| 17 | JPM | Jpmorgan Chase & Co | +0.3% | -18.00% | 減碼 |
| 18 | WFC | Wells Fargo & Co | +0.3% | -24.03% | 減碼 |
| 19 | VZ | Verizon Communications Inc | +0.3% | -7.63% | 減碼 |
| 20 | APP | Applovin Corp-class A | +0.2% | -11.97% | 減碼 |
| 21 | GEV | GE Vernova Inc | +0.2% | +20.64% | 加碼 |
| 22 | CVX | Chevron CORP | +0.2% | -22.32% | 減碼 |
| 23 | AMD | Advanced Micro Devices | +0.2% | +0.87% | 加碼 |
| 24 | BIL | Ss Spdr Bb 1-3m T-bill ETF | +0.2% | -9.36% | 減碼 |
| 25 | PM | Philip Morris International | +0.2% | -21.85% | 減碼 |
| 26 | CAT | Caterpillar Inc | +0.2% | +2.57% | 加碼 |
| 27 | KO | Coca-cola Co/the | +0.1% | -18.95% | 減碼 |
| 28 | COST | Costco Wholesale CORP | +0.1% | -8.17% | 減碼 |
| 29 | T | At&t Inc | +0.1% | -15.19% | 減碼 |
| 30 | UPS | United Parcel Service-cl B | +0.1% | -35.41% | 減碼 |
| 31 | RTX | Rtx CORP | +0.1% | -27.22% | 減碼 |
| 32 | DKS | Dick's Sporting Goods Inc | +0.1% | -7.18% | 減碼 |
| 33 | SHW | Sherwin-williams Co/the | +0.1% | -21.18% | 減碼 |
| 34 | MRK | Merck & Co. Inc. | +0.1% | -38.08% | 減碼 |
| 35 | CASY | Casey's General Stores Inc | +0.1% | -17.79% | 減碼 |
| 36 | NFLX | Netflix Inc | 0% | +791.98% | 加碼 |
| 37 | PRI | Primerica Inc | 0% | -15.59% | 減碼 |
| 38 | MS | Morgan Stanley | 0% | -33.48% | 減碼 |
| 39 | QQQ | Invesco Qqq Trust Series 1 | 0% | -30.81% | 減碼 |
| 40 | PHM | Pultegroup Inc | 0% | -16.90% | 減碼 |
| 41 | TXRH | Texas Roadhouse Inc | 0% | -25.49% | 減碼 |
| 42 | VB | Vanguard Small-cap ETF | 0% | -26.71% | 減碼 |
| 43 | GE | General Electric | 0% | -27.42% | 減碼 |
| 44 | SPGI | S&p Global Inc | 0% | -36.72% | 減碼 |
| 45 | BAC | Bank Of America CORP | 0% | -35.64% | 減碼 |
| 46 | VIG | Vanguard Dividend Apprec ETF | 0% | -32.44% | 減碼 |
| 47 | URI | United Rentals Inc | — | -20.98% | 減碼 |
| 48 | HON | Honeywell International Inc | — | -26.54% | 減碼 |
| 49 | MCD | Mcdonald's CORP | 0% | -34.79% | 減碼 |
| 50 | C | Citigroup Inc | 0% | -48.37% | 減碼 |
根據 SEC 官方 Form 13F 申報備案，Townsquare Capital LLC 在 Q4 2025 季度的美股持倉總市值約為 US$5.4億，共申報了 244 個公開持股部位。
在 Q4 2025 季度，Townsquare Capital LLC 按市值排列的前三大核心持股分別為：AAPL (5.7%)、LCLG (4.6%)、NVDA (4.0%)。其中最大持股部位 AAPL 佔據整體投資組合約 5.7% 的權重。
精選 AlphaSMO 大戶持股與內部人交易深度分析，提升投資決策勝率
完整解讀 Form 13F 申報規範、1 億美元門檻與 45 天延遲申報機制，學會如何追蹤頂級對沖基金與機構法人持倉動向。
本季最大新建倉標的
IBKR
市值: US$57.8萬
本季最大獲利了結 / 清倉標的
SPDW
前期市值: US$602.9萬
在 Q4 2025 季度中，Townsquare Capital LLC 共進行了 200 項持倉異動，包含新建倉 4 個部位、加碼 9 個部位、減碼 101 個部位以及清倉 86 個部位。 其中最大新建倉標的為 IBKR。 本季清倉部位包含 SPDW。
本頁面所有持股數據均直接同步自美國證券交易委員會（SEC）EDGAR 官方系統之 13F-HR / 13F-HR/A 季度申報文件。AlphaSMO 透過機器解析 CUSIP 與個股對照，提供 100% 精準對齊的歷史時序數據集，並支援 Schema.org 結構化資料格式。
解析公司高管、董事與 10% 大股東之 Form 4 內部人交易申報，掌握高管自家股票買賣第一手訊號。
深入剖析 5% 股益申報門檻、13D 與 13G 之差異，以及最新 SEC 申報時程規範，洞察機構法人的激進投資動向。